The inflation rate for January is expected to be 4.5 percent, following 5.6 percent in December, according to calculations by Statistics Austria as part of a flash estimate. Inflation has thus fallen to its lowest level since December 2021.
The reason for the decline was less rising energy prices, with electricity prices in particular having a dampening effect.Vienna. In many other areas, prices have also risen less sharply than recently, said Statistics Austria General Director Tobias Thomas on Thursday, according to a broadcast.
“Rate might be more than halved”
“The inflation rate has already been more than halved since its peak a year ago. For 2024, the experts expect a further halving compared to 2023,” said Finance Minister Magnus Brunner (ÖVP).
